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Search Results 0 to 9 of about 10 (some duplicates have been removed)
into the newspaper business. amazon founder and ceo jeff bezos acquired "the washington post" this week for $250 million at a time when newspaper revenues have hit a 50-year low. what is bezos saying that other publishers may not be? kara swisher is co-executive etd eter of all thins ding ittal and veteran of "the washington post." good to see you. >> how's it going? >> good. why do you think jeff bezos was interested in the post especially when he acquired it as an individual rather than having amazon buy it? >> it would have been very difficult for the company to buy it. they're already doing so many different experiments that are costly. jeff is someone who is putting off profits for a lot of growth. i think that would have pushed investors over the edge if the company itself bought it. >> that makes sense. but about do you think with his e-commerce experience he can reinvent the newspaper the way he reinvented retail and publishing? >> i'm not so sure. i don't think they're going to start selling kindles from "the washington post." i don't know what that means. he has ideas probably about ci
of the washington post. good to see you. >> good to see you. how's it going? >> good. why do you think jeff bezos was interested in "the post" especially since he acquired it rather than amazon buying it. >> i think it would be difficult for the company to buy it. they're doing so many different experiments that are costly. jeff is someone who's putting off profits for a lot of growth. i think that would have pushed investors over the edge if the company itself bought it. >> that makes sense. do you think with his ecommerce experience he can reinvent the newspaper the way he reinvented publishing? >> i'm not so sure. i don't think they'll sell kindless from the washington post. i think he has ideas about circulation and distributing the paper that he knows about very well. >> what's interesting to me is five or six years ago rupert mourdock acquired "the wall street journal" for $5 billion and here we are five years later, bezos is paying $250 million for the washington post. that's a real fire sale. >> yeah, or else rupert mourdock paid too much. what's happened in the last five years, you think
obama goes on a cross country tour to bring up support for his economic plan. can washington come to an agreement other a big, new deal? and looking for a genius. the parents of amazon.com's jeff basos. >> this is america's number one financial news program "on the money." >> here is a look at what is making news. a disappointing job's report for the month of july. the economy created 162,000 new jobbing for the month. that was below the expected 183,000. but it fell to 7.4% as fewer people looked for jobs. job growth was revised downward was well. record setting weekend for the marks. kicking off the month of august with a bank hitting new highs on thursday after comments by the fed earlier in the weekend. the s&p 500 closed above 1700 for the first time ever. those commenting after the open market committee wrapped up a two-day meeting and announced it would continue buying bonds and mortgage backed securities to help keep interest rates low. the fed used the afraid modest growth rather than moderate growth. that was a light and subttle downgrade. the first reading was released
. president obama is trying get support for his economic plan, can washington come to agreement over a big new deal and looking for the genius in the next generation. the interview with the parents of the amazon.com's founder. "on the money" begins right now. "on the money." >> here is a look at what is making news as we head into the new week, "on the money." the economy created 160,000 new jobs for the month. that was below expectation, but the unemployment rate fell to 7.4%. as fewer people looked for jobs. it was a record setting week for the markets, meanwhile the dow and s&p 500 kicking off the month of august with a bang, hitting new highs on thursday. after kmepts made by the fed earlier in the week. the s&p 500 closed above 1700. and the markets continued to rise on friday. those comments were after a 2-day meeting wrapped up, and the feds announced that they would continue to buy bonds and mortgage-backed securities to keep interest rates low. but the fed used the phrase, modest growth instead of moderate growth. it was a slight and subtle down grade. the first reading of the gdp was
of the march on washington. dr. martin luther king, jr.'s i have a dream speech. on thursday, the second estimate for the second quarter gdp is due, typically a market mover and billionaire investor warren buffett celebrates his 83rd birthday. phil mickelson cemented his financial success in golf. and i talked to him about an interesting side effect. the 60% tax bill on his winning. >> it's tough to talk about because nobody wants to be insensitive, nobody wants to be insensitive, a tough time where a lot of people are having a hard time with work, i have a chns to spend time with ceo s. a lot of them, quality individuals, that are having a hard time hiring because of the unturni i uncertainty that is going on. so, it's not making me want to go out and work harder. >> would you actually leave the country? oh, no, no, no i love this place. a lot of people thought i grew up in a country club. i didn't. i grew up in a family that was lower middle class and we did fine. but i wanted to play golf and i didn't have the tun. i did not have a club to practice at? you know what i did? i went down
anniversary of the march on washington. dr. martin luther king jr.'s "i have a dream" speech. on thursday, the second estimate for the second quarter gdp is due. typically a market mover. and then on friday, billionaire investor warren buffett celebrates his 83rd birthday. happy birthday to warren. >>> golfer phil mickelson meanwhile recently won the british open cementing his financial success in golf. i spoke too him from the site of the barclays pga tournament about an interesting side effect to being among the world's greatest golfers, the 60% tax bill on his winnings. >> it's tough to talk about because nobody wants to be incensensitiv insensitive, nobody wants to be insensitive, a tough time where a lot of people are having a hard time with work. i have a chance to spend time with ceos, a lot of them who are quality individuals having a hard time hiring right now because of so much uncertainty going on in the financial world with whether it's taxes, whether it's the health care, whether it's all the obligations that are placed on the employers. so it's not making me want to go out a
Search Results 0 to 9 of about 10 (some duplicates have been removed)